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BTCINEOS Bitcoin High Income ETF

Get income1y track recordRanked #1,410 of 1,650 in this goal

Seeks to generate high monthly income with the potential for appreciation based on exposure to Bitcoin.

Launched 2024

Annual Cost

—

#5,861 of 5,861 · expensive

Fund Size

—

#5,861 of 5,861 · small

Dividend YieldGoal

—

Track Record

1 year

#3,797 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$5,820-41.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 9 holdings = 100.1% of fundconcentrated

United States Treasury Bill
97.5%
iShares Bitcoin Trust ETF
13.3%
VanEck Bitcoin ETF/US
10.7%
First American Treasury Obliga
0.9%
N/ACBTX 4 C2070
0.2%
Northern US Government Select
0.2%
N/ACBTX 4 C1760
-0.3%
N/ACBTX 4 C1680
-0.8%
N/ACBTX 4 P2070
-21.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
40.0%High

Year-on-year price swings

Max drawdown
-48.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to generate high monthly income with the potential for appreciation based on exposure to Bitcoin.
Strategy
Actively manages an ETF that invests in exchange-traded Bitcoin ETPs and employs options strategies, including writing call options on Bitcoin-related instruments, to generate high monthly income. The Fund's exposure to Bitcoin is primarily synthetic, utilizing options to capture price movements.
Inception date
October 17, 2024

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04